A Pennsylvania doctor has surrendered to federal authorities to spend up to seven years in prison for his part in an insurance fraud scheme involving a defunct drug laboratory. Fifty-five-year-old John Johnson, of Hollidaysburg, surrendered Friday after his conviction on …
W. R. Berkley Corporation has sold its real estate investment at 1101 New York Avenue NW in Washington, D.C. The company expects to report a realized pre-tax gain of approximately $120 million on the sale in the third quarter of …
The hedge-fund enclave of Greenwich, on the Connecticut Gold Coast, is about 100 miles and a world away from the state capital. But the fiscal crisis in Hartford, the historic center of the American insurance industry, is fast becoming more …
Neon announced it has appointed of Matthew Watson as an underwriter in its professional indemnity team. Watson is based in London and reports to Antonio Bellanca, head of Professional Indemnity at Neon. He joins from Novae where he was senior …
China is likely to name a senior Communist Party graft-buster to oversee the insurance sector, people familiar with the matter said, a signal that the country’s ongoing crackdown on irregular business practices in the financial industry may be set to …
S&P Global Ratings lowered its long-term counterparty credit and senior debt ratings on Allied World Assurance Co. Holdings AG to ‘BBB-‘ from ‘BBB+’, following the completion of the company’s acquisition last week by Fairfax Financial Holdings. At the same time, …
Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in the United States, according to an Aon catastrophe report. In the U.S., large hail, tornadoes, straight-line winds and isolated flash …
The insurer of London’s Grenfell Tower, where at least 80 people died in a devastating fire, raised its estimate for property and liability insurance claims to 50 million pounds ($65 million) on Friday [July 7]. British police have said the …
The UK will attempt to build a market for insuring countries against natural disaster, with the goal of providing more stable funding for relief from famines and floods. Prime Minister Theresa May will announce the move at the Group of …
A southwest Illinois county is suing pharmaceutical companies, alleging the prescription painkiller epidemic is worse due to deceptive marketing. The Jersey County lawsuit was filed against the makers of opioids, including OxyContin, Dilaudid, Opana, Percocet and others, the Belleville News-Democrat …
